Mays Crossing Shopping Center
100% Occupied, Multi-Tenant Retail Center : Below Market Rents : New Roof Installed in 2022
Marketing description
Mays Crossing Shopping Center is 63,627-square-foot, multi-tenant retail center located in Round Rock, Texas. The building is 100 percent leased, and all leases are triple-net. Anchored by a new seven-year lease with Los Campeones Gym, the tenant base consists of a complementary mix of national and local retailers including 777 Computer Games, Reavis Rehab & Wellness Center, Ready Go Swim, Cosmo Spa & Nail, Carousel Pediatrics, Mama Hona African Market, Bricks & Minifigs, Playa Fades, Brident Dental & Orthodontics, Sushi Yume, Little Princess Spa, 365 Vape Shop, and Papa John's Pizza. The subject property was constructed in 2005 and is situated on a large 7.65-acre parcel with ample paved parking. Landlord reports a new roof was installed in 2022.
Mays Crossing Shopping Center is located on South Interstate 35 at the intersection with Mays Crossing Drive and benefits from extremely high traffic counts of 197,000 vehicles per day. Directly east of subject property is the future home of The Place at Mays Crossing, approved for 244 multifamily units, which will provide additional foot traffic to the center.. Neighboring retailers include Academy Sports + Outdoor, O’Reilly Auto Parts, Pluckers Wing Bar, La Michoacana Meat Market, NTB-National Tire & Battery, Sprouts Farmers Market, McDonald's, Starbucks, Cold Stone Creamery, The Home Depot, Walmart Supercenter, Target, Best Buy, Discount Tire, Michaels, H-E-B, and many others.
Investment highlights
63,627-Square-Foot, Multi-Tenant Retail Center | Fully Stabilized Asset | 100% Occupied | 100% Triple-Net Leases
Anchored by New Seven-Year Lease with Los Campeones Gym | 15 Current Los Campeones Locations in Six States and Growing through Franchise Opportunities
Tenants are a Complementary Mix of Internet-Resistant National and Local Retailers
Majority of the Leases have Annual Rent Increases for Year-over-Year Income Growth
Current Average Rents are Well Below Market
Landlord Reports a New Roof was Installed in 2022 with 15-Year Warranty
Adjacent to 2.7-Acre Pad Site | Future Development of The Place at Mays Crossing, a 224-Unit Multifamily Apartment Complex
Strategic Freeway Location on the East Side of S IH-35 at the Intersection with Mays Crossing Drive | Extremely High Traffic Counts Exceeding 197,000 Vehicles per Day
Nearby National and Regional Retailers Including Academy Sports + Outdoor, O'Reilly Auto Parts, La Michoacana Meat Market, Sprouts Farmers Market, Starbucks and More
Less than Two Miles North of Dell's Global Headquarters | Employs Approximately 13.000 People at its Round Rock Facilities
Close Proximity to La Frontera | 330-Acre Mixed-Use Development Consisting of Retail, Residential and Office Properties
Excellent Demographics | 250,451 Residents Within Five Miles, having an Average Household Income of $112,452
Round Rock is Situated 15 Miles North of Austin in the Central Texas Hill Country
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
